A basic characteristic of a command system is that:
A) wages paid to labor are higher.
B) government owns most economic resources.
C) markets function mostly free from government intervention.
D) government planners play a limited role in deciding what goods will be produced.

Question

Quizplus · Accepted Answer

In a command system, the government owns most or all of the economic resources and controls the production and distribution of goods and services. Government planners play a central role in deciding what goods will be produced, how much will be produced, and at what price. This is in contrast to a market system, where the allocation of resources is determined by the interactions of buyers and sellers in the marketplace.

A Basic Characteristic of a Command System Is That